Global Shrink Bags Market Overview:
Shrink Bags are also known as shrink wrap; is a thin plastic material that shrinks and tightens when heated. These bags are used to form a seal around food products, gift bags, drugs, or important papers that may require protection for shipping, packaging, or storing. These bags offers perfect finish and moisture resistance for packed product. They provide protection from debris, dirt, bad weather, bugs, mold, or other damage. The rising use of shrink bags in packing fresh and processed meat is driving the global shrink bags market size.
- Huge Demand For Packaging Meat & Seafood Products
- Increasing Extensive Growth In The Retail Sector
- Demand for Reusable Shrink Bags
- Rising Fresh Food Consumption
- Increasing Disposable Income Among The Middle-Class
- Demand For Contamination-Free Packaging
- Non-Reusable Shrink Bags Impacting Environment
The global shrink bags market is fragmented and largely competitive due to presence of several global and regional manufacturers. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant risk factors for the growth of manufacturers in the market.
Some of the key players profiled in the report are Bemis Company, Inc. (United States), Sealed Air Corporation (United States), Winpak Ltd. (Canada), Kureha Corporation (Japan), Coveris Holdings S.A (United States), Schur Flexibles Group (Germany), Flavorseal (United States), BUERGOFOL GmbH (Germany), Flexo Pack Machines Pvt Ltd (India), Globus Group (United Kingdom), Allfo Vakuumverpackungen Hans Bresele Kg (Germany), PREMIUMPACK GmbH (Austria), VacPac Inc (United States), Vector Packaging (United States) and Atlantis-Pak Co. Ltd. (Russia). Additionally, following companies can also be profiled that are part of our coverage like Spektar d.o.o.(Serbia), Inauen Group (Switzerland) and GAP S.r.l.( Italy). Analyst at AMA Research see United States and European Vendors to retain maximum share of Global Shrink Bags market by 2025. Considering Market by Bag Thickness, the sub-segment i.e. Up to 50 microns will boost the Shrink Bags market. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Shrink Bags market. Considering Market by Material Type, the sub-segment i.e. Polyethylene will boost the Shrink Bags market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Shrink Bags market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Shrink Bags market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Shrink Bags Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.